Draggletail Posted March 13 Share Posted March 13 Taken from Nowthen magazine - full article linked below. "The government has enough money to end absolute poverty in Sheffield if it wanted to. They could also end poverty in every other part of the UK in a matter of months, if the political will was there. They can afford it." https://nowthenmagazine.com/articles/government-has-enough-money-to-end-poverty-in-sheffield-mmt-modern-monetary-theory Link to comment Share on other sites More sharing options...
Draggletail Posted March 13 Author Share Posted March 13 My title is a bit clumsy, it should read "The government has enough money to end poverty in Sheffield – it just chooses not to" But I was limited to the amount of characters I could use in a title! Link to comment Share on other sites More sharing options...
Delbow Posted March 13 Share Posted March 13 (edited) It's a really interesting and thought provoking article. Anyone reading it and thinking 'this can't be true' should remember that in 2007-8 we all discovered that money is not real and that money that was thought / believed / assumed to exist while we decided it did, did not exist after we decided it didn't. Which highlights that the 'lack' of money (which doesn't exist, remember) can't be the reason for not being able to do things. In fact, the concept of money is a barrier to doing things. Edited March 13 by Delbow 1 Link to comment Share on other sites More sharing options...
Jim Hardie Posted March 13 Share Posted March 13 Why Sheffield? Loads of other places feeling the pinch. 1 Link to comment Share on other sites More sharing options...
Draggletail Posted March 13 Author Share Posted March 13 3 minutes ago, Jim Hardie said: Why Sheffield? Loads of other places feeling the pinch. There wasn't enough character space to get the title I needed with a quote from the source. If you'd read my post rather than just the title you would have seen the following: (and it's a cracking read - the linked full article) Taken from Nowthen magazine - full article linked below. "The government has enough money to end absolute poverty in Sheffield if it wanted to. They could also end poverty in every other part of the UK in a matter of months, if the political will was there. They can afford it." https://nowthenmagazine.com/articles/government-has-enough-money-to-end-poverty-in-sheffield-mmt-modern-monetary-theory Link to comment Share on other sites More sharing options...
Guest Posted March 13 Share Posted March 13 6 minutes ago, Jim Hardie said: Why Sheffield? Loads of other places feeling the pinch. The poster said that in the next sentence. Quote: "They could also end poverty in every other part of the UK in a matter of months, if the political will was there. They can afford it". Link to comment Share on other sites More sharing options...
ECCOnoob Posted March 13 Share Posted March 13 (edited) Only skim read the article but seems the writer and the original book he cribbed from both have the economics of a 5-year-old child. Yes let's just create more money out of thin air. Let's just print more notes and give everyone £1m. Budgets are just a big myth to keep the poles in their place blah blah. Why didn't no one think of that before. What could possibly go wrong 🙄 I note the article's author describes himself as a "storyteller and civic journalist". Well he's a storyteller alright....... Bloody fairy tales. Edited March 13 by ECCOnoob 1 Link to comment Share on other sites More sharing options...
Draggletail Posted March 13 Author Share Posted March 13 16 minutes ago, ECCOnoob said: Only skim read the article but seems the writer and the original book he cribbed from both have the economics of a 5-year-old child. Yes let's just create more money out of thin air. Let's just print more notes and give everyone £1m. Budgets are just a big myth to keep the poles in their place blah blah. Why didn't no one think of that before. What could possibly go wrong 🙄 I note the article's author describes himself as a "storyteller and civic journalist". Well he's a storyteller alright....... Bloody fairy tales. Just out of interest, what was the name of the "original book" that you say the author of the post "cribbed from" Link to comment Share on other sites More sharing options...
m williamson Posted March 13 Share Posted March 13 The Government doesn't have any money. It's our money, they are the ones who get to decide whether or not they'll let us have some of it back. C'est la vie. 2 Link to comment Share on other sites More sharing options...
Delbow Posted March 13 Share Posted March 13 I think it was one of Richard Murphy's. To be honest, I think Richard Murphy knows a lot more about economics than ecconoob 2 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now